6 3 of 3 Required information (The following information applies to the questions displayed below] Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $2 par value. During its first year, the following selected transactions were completed: 00:04 a Issued 5,000 shares of common stock for cash at $20 per share. b. Issued 1,000 shares of common stock for cash at $23 per share. 4. Incentive Corporation has $50,000 in the company's bank account. At year-end, the accounts reflected a profit of $300. What is the maximum amount of cash dividends the company can declare and distribute? Mecmum amount of dash dredende)